Gilded Age Quiz Q4

When people donate large sums of money to help the welfare of others it is called......

• Tycoon

• Lobbyist

• Philanthropist

• Robber Baron

Money given to a business so that the price of a service or item can stay low and competitive

• Capitalism

• Socialism

• Subsidies

• Philanthropy

This political systems is based on economic freedom, consumer choice, and economic growth.

• Capitalism

• Socialism

• Interstate commerce

• Philanthropy

A monopoly does the following...

• Controls goods and services

• Results in products costing more

• Makes products cost less

• Encourages competitive business

A person who owns an industry or is a manufacturer is a(n)...

• Philanthropist

• Lobbyist

• Teacher

• Industrialist

Henry Ford perfected the

• Interstate commerce

• Assembly line

• Unions

• Railroads

What terms means government will not interfere in industry?

• Socialism

• Open door policy

• Regulatory restraint

• Laissez Faire

A monopoly is a market with

• Many suppliers

• Many substitutions

• Community share-holders

• One supplier

The Transcontinental Railroad did what?

• Connected the U.S. from the East coast to the West coast

• Connected the U.S. from North to South

• Allowed immigrants to come from Europe to the U.S.

• Helped slaves get to free land

Laissez faire means

• letting the government be in control

• allowing people to threaten others into getting what they want

• dominating the market

• letting things take course without interference